BRIEF-COFCO Property's Controlling Shareholder To Increase Stake In The Company

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May 1 (Reuters) - COFCO Property Group Co Ltd:

* SAYS CONTROLLING SHAREHOLDER PLANS TO BUY UP TO 2.0 PERCENT STAKE IN THE COMPANY AT NO MORE THAN 8.8 YUAN ($1.39) PER SHARE Source text in Chinese: bit.ly/2I3UHhg Further company coverage: ($1 = 6.3325 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)